Public Storage Subsidiary Provides Limited Guaranty for Mortgage Loan
Filed with the SEC on · Summarized by InvestorsBot
A Public Storage subsidiary provided a limited non-recourse guaranty related to a mortgage loan, covering certain losses from events such as fraud, grossly negligent waste, intentional misconduct and misappropriation of funds. The guaranty can become fully recourse upon specified bankruptcy or insolvency actions, prohibited changes of control and other events; the filing does not disclose the loan amount, lender or closing date.